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Public (OMX Stockholm: IFS)
Industry Computer software
Founded 1983 (1983)
Headquarters Linköping, Sweden
Key people
Alastair Sorbie,
President and CEO
Products Enterprise resource planning
Revenue Increase SEK 3.0 billion (2014)[1]
Number of employees
3100 (2017)
Website www.ifsworld.com

IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Linköping, Sweden, with 2700 employees at offices all over the world.[2] IFS provides component-based extended enterprise software for ERP, Enterprise asset management (EAM) and Enterprise service management (ESM)[3] built on SOA technology.[4] Its primary product is IFS Applications which it develops, supplies, and implements.[5][6][7]

Based in Sweden, it maintains development centers in Sweden, Sri Lanka and Poland while operating as a multinational corporation through subsidiaries in the Americas, Europe, Africa, and Asia Pacific.

IFS focuses on four core strategic processes: service & asset management, manufacturing, supply chain and projects. IFS develops, supplies, and implements IFS Applications™,[8] a component-based extended enterprise software suite built on SOA technology and layered architecture.[9] IFS provides software solutions that primarily focus on manufacturing, project-based and asset-intensive industries.[10]

IFS was recognized as the third largest vendor of enterprise asset management (EAM) software by ARC Advisory Group. ARC identified IFS as having the number one market share position in EAM for aerospace and defense, number two in oil and gas, number three in power generation and the number three spot for market share in EAM across all industries worldwide.[11] IFS was also named as a Leader in two of Gartner's Magic Quadrants: Field Service Management[12] and single-instance ERP for product-centric midmarket companies.[13]

IFS has been first or among the first enterprise software companies to realize innovations including embedded enterprise application search,[14] embedded environmental footprint management [15] and embedded social media navigational functionality.[16]

IFS, with its acquisition of 360 Scheduling, has gained some advanced artificial intelligence products, including the 360 Dynamic Scheduling Engine, and the WISE:[17] a product for companies with a mobile workforce, that helps plan the number of staff required when a new contract is taken on.[18]

IFS timeline[edit]

  • 1983 - IFS is founded.
  • 1985 - IFS launches its first software product, IFS Maintenance.
  • 1990 - IFS Applications launched as a complete suite.
  • 1991 - IFS expands into Norway and Finland.
  • 1992 - IFS opens the first office outside Scandinavia in Poland.
  • 1993 - IFS first graphical user interface launched. Expansion begins in Denmark and Malaysia.
  • 1994 - IFS Applications among first suits launched on a service-oriented architecture.
  • 1995 - IFS expands into North America.
  • 1996 - IFS listed on the Swedish stock exchange. IFS Applications becomes component-based.
  • 1997 - IFS Web Client is launched.
  • 1997 - IFS established in Sri Lanka.
  • 1999 - IFS is represented on all continents.
  • 2001 - Java-based Internet portals and mobile solutions are introduced.
  • 2002 - All components are available as web services.
  • 2004 - NEC increases its support for IFS by acquiring 7.7% of IFS share capital.
  • 2005 - >500 000 users of IFS Applications.
  • 2006 - The release of IFS Applications 7. Alastair Sorbie appointed CEO.
  • 2007 - IFS delivers solutions for the Intelligent Desktop and project–based solutions
  • 2008 - IFS launches a new GUI for increased usability and higher productivity.
  • 2009 - Acquisition of MultiPlus Solutions
  • 2010 - Acquisition of 360 Scheduling.[19]
  • 2011 - Acquisition of LatinIFS[20]
  • 2012 - Acquisition of Metrix[21]
  • 2013 -The release of IFS Applications 8.
  • 2015 - IFS Announce 1 million global users at World Conference, Boston.[22]
  • 2015 - The Release of IFS Applications 9, at World Conference, Boston.[23]
  • 2016 - Acquisition of Mxi Technologies


See also[edit]

External links[edit]